Before we start knowing about the best invoicing software, we will first learn about the term “Invoice”. The term invoice describes a document of commercial transaction between buyer and seller of goods or services. Suppose if you have purchased a good on credit, so the invoice must be created including financial details. In simple words, an Invoice is a bill that is made for the buyer so that the seller and buyer know that the payment is still due.
The information must be included in the invoice:
- Customer’s Company’s name
- Customer’s address
- Customer’s purchase product
- Customer’s financial information
- Date of invoice(supply date)
- Description of goods or services
Main reasons of invoicing
- It is used for business accounting including all the sales transactions of its clients. There are many other reasons of creating invoicing such as:
- To get payments from clients on time
- To keep tracking of sales, inventory
- Match the old transactions with current or future transaction
- Keep record for future sales
- For tax filings
Sometimes, sellers forgets that someone’s payment is due so it is the biggest reason that invoicing is necessary so that notifications about payment due continue and this notification can also be received only when you use a proper invoicing software.
With the best invoicing software, you can easily create invoices, send them out, follow up pending bills and can be notified of the clients. You can save time and money and easily make decisions.
Top 12 best invoicing software
Scoro
The score is all in one invoicing software that includes creating projects, tasks, invoices, scheduled invoices, prepayment invoices, orders, purchase orders, payment reminders, complete details of clients. It is a tool of managing business aspects where you can save many hours to take all advantages in a single software.
Quickbooks
Quickbook is popular accounting software for small businesses in which you can prepare your finances in a single place. It has many versions with different features. If we talk about invoices, you can easily create and send invoices from any device such as android, iPhone, desktop. With this, you can track your invoices, sales, expenses, income, revenue, profit and manage your taxes. Automatically create purchase orders with some providing details. It provides 24/7 customer support.
Freshbooks
It is an online software for small businesses, individuals, and freelancers. It has many features such as sending unlimited invoices and recurring invoices, Payment reminders and notification if clients didn’t pay on time, accepting online credit payments, collaborating with the team. Available on any devices( mobile phones, desktop).
Zoho
Zoho is uncomplicated online accounting software that includes basic features such as invoicing, expenses, access to bank details, creating records(P&L account, balance sheet, cash flow statement, income statement), accepting online payment fast, billings, tax filings, tracking inventory. It is filled with accounting knowledge which helps you to expand your business growth.
Xero
It is time-saving online accounting software. With this, do easy invoicing, recurring invoices, payment reminders, accept online payment with debit or credit card, and through social payments such as Paypal, Paytm, and so on.
Sage
It is the best software for small and medium businesses. You can access data from anywhere, anytime. Create invoices from your software and send invoices to other software. It helps you to track expenses, income and profits.
Wave
It is the best online accounting software for small businesses. You can easily track your expenses, income, inventory, and payment in a single place. Once your bank connects with your software, it can access your bank transaction on time.
Invoice2go
It is proper online billing software. If you want simple and easy software for billings, invoices so this is the best for you. It can save your time by accepting online payments, making flowcharts and reports related to business.
Oneup
It is mainly for medium to large businesses but also for small businesses. It is considered as a knowledge of accounting which helps you to create invoices, and manage inventory, accounting,CRM. Once your invoice is ready then directly transfer into the customer’s inbox. You will get every kind of notification like customer payments are due.
SliQ Invoicing
It is a quoting software which creates, sends, and tracks professional invoices, credit notes,quotes, and helps you to get paid on time. It has many features such as automatically creating invoices, bills, quote numbering, track payments and maintaining proper records. It also includes PayPal for immediate payment.
Financialforce Billing
Create an invoice by taking all the details from where your sales record is saved. It has many features such as creating invoices, bills and connecting with ERP systems. It improves your cash flow statement, reduces customer satisfaction.
Chargebee
It offers subscription services and gives all the nuts and bolts for subscription management. It has many features such as invoicing, billing, paid taxes, time, and payment tracking. It offers payment options of credit cards or debit cards to its clients or customers. It works with Python, PHP, Java, Node.js.
Read more…